Gallatin, Nashville, TN—37013
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gallatin, Nashville, TN
As of Oct '25, the median home price in Gallatin, Nashville, TN is $359,000, with a year-over-year change of -2.4%. This indicates that home prices in Gallatin, Nashville, TN are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $359,000 | -2.4% |
| Single Family | $368,000 | -2.4% |
| Condos | $259,000 | -3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $254,000 | -3.8% |
3 Bed | $353,000 | -2.5% |
4 Bed | $431,000 | -2.5% |
| 5 Bed | $471,000 | -3.3% |
% of Housing Stock
Rental Trends — Gallatin, Nashville, TN
As of July '25, Rentcast reports the average rent in Gallatin, Nashville, TN is $2,100, with a year-over-year rent change of -0.5%. Per bedroom, the median rent as of July '25 in Gallatin, Nashville, TN is studios: $1,120, 1-bedrooms: $1,220, 2-bedrooms: $1,690, 3-bedrooms: $2,180, 4-bedrooms: $2,440. The most common rental property sizes in Gallatin, Nashville, TN are 2-bedroom and 1-bedroom, accounting for 39.7% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,100 |
| Studio Rent | $1,040 | $1,120 |
| 1 Bed Rent | $1,200 | $1,220 |
| 2 Bed Rent | $1,700 | $1,690 |
| 3 Bed Rent | $2,170 | $2,180 |
| 4 Bed Rent | $2,400 | $2,440 |
% of Rental Stock
Property Listings — Gallatin, Nashville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Gallatin, Nashville, TN is 56. This is a increase of 32.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $380,000 | 2.0% |
Listing Count | 348 | 12.0% |
| Listings as % of Homes | 0.7% | 12.0% |
Days on Market | 56 | 32.0% |
Demographics — Gallatin, Nashville, TN
As of the latest ACS Survey released in 2023, Gallatin, Nashville, TN has a population of 102,000, which has increased by 4.3% over the past 5 years. Gallatin, Nashville, TN is a popular place for families, as children make up 28.7% of the population. The area has a moderately educated workforce, with 29.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 102,000 | 4.3% |
% Under 18 | 28.7% | 6.3% |
% Seniors | 7.6% | 18.8% |
% WFH | 12.3% | 241.7% |
% w/ College Degree | 29.8% | -11.3% |
As of the latest ACS Survey released in 2023, Gallatin, Nashville, TN is a predominantly black area, with 36.0% of the population identifying as black. The black population has grown by 2.6% in the last 5 years. The second most common race or ethnicity in Gallatin, Nashville, TN is white, making up 32.2% of the population. Foreign-born residents account for 28.7% of the population in Gallatin, Nashville, TN, and this percentage has increased by 14.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 32.2% | -21.7% |
% Black | 36.0% | 2.6% |
% Hispanic | 22.1% | 34.8% |
% Asian | 4.8% | 11.6% |
% Foreign Born | 28.7% | 14.8% |
Mortgage and Risk — Gallatin, Nashville, TN
According to HUD data as of 2023, there were 1190 mortgage originations in Gallatin, Nashville, TN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Gallatin, Nashville, TN. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,190 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Gallatin, Nashville, TN
As of 2024, the percent of homes in Gallatin, Nashville, TN under the Section 8 program is 6.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Gallatin, Nashville, TN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,064 |
Total Units Section 8 | 1,064 |
% Rentals under Section 8 | 6.0% |
% Occupied Section 8 | 86.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $540 | $1,200 | $1,740 |
| 2 Bedroom | $230 | $1,700 | $1,930 |
| 3 Bedroom | $270 | $2,170 | $2,440 |
| 4 Bedroom | $600 | $2,400 | $3,000 |
Affordability — Gallatin, Nashville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $359,000 |
| Median Household Income | $72,200 |